Houston’s main electrical company backed off plans to raise rates after facing sharp criticism for its response to massive power outages after Hurricane Beryl.

CenterPoint Energy (NYSE:CNP) said late Wednesday that its Houston Electric subsidiary reached a settlement agreement with parties to its 2024 general rate case, which is expected to result in ~$50M less annual revenue to the company into 2029,

The rate decrease is expected to result in a $50 million loss in revenue every year to the company, a monthly rate reduction of $0.82 for residential customers and $1.28 for small business customers,

CenterPoint Energy (CenterPoint) announced today that it has reached a settlement agreement with parties to its 2024 rate case for its CenterPoint Energy Houston Electric business (Houston Electric),

The rate reduction amounts to approximately $0.82 per month for the average residential customer and approximately $1.28 per month for the average small business, according to CenterPoint’s announcement .

HOUSTON ( KIAH ) — CenterPoint Energy announcing that it has reached a settlement agreement to its 2024 rate case for its CenterPoint Energy Houston Electric business (Houston Electric), including the City of Houston and other regional municipalities.

A local energy expert, meanwhile, says other factors also contributed to relatively few power outages as snow blanketed the region on Tuesday and temperatures plunged into the teens early Wednesday morning.

CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company Market panic over China's DeepSeek is 'overblown,' analysts say. Here's why.

CenterPoint Energy is proactively preparing for a significant winter storm expected to impact the Greater Houston area starting Monday evening.

HOUSTON — CenterPoint Energy has reached a settlement in its 2024 rate case that will lead to lower electric bills for Houston-area customers.

CenterPoint Energy (CNP) (CenterPoint) announced that it has reached a settlement agreement with parties to its 2024 rate

CenterPoint Energy has reached a settlement agreement with parties to its 2024 rate case for its CenterPoint Energy Houston Electric